The financial system the Rothschilds created

“ The financial system ken o'keefe

The financial system the Rothschilds created

The German poet Heinrich Heine, a Jewish convert to Lutheranism, declared "money is the God of our time and Rothschild is his prophet", he described Nathan Mayer Rothschild as one of "three terroristic names that spell the gradual annihilation of the old aristocracy", alongside Cardinal Richelieu and Maximilien Robespierre. For Heine, Richelieu had destroyed the power of the old feudal aristocracy, Robespierre had "decapitated" its weakened remnant and now Rothschild signified the creation of a new social elite, as new lords of finance.

The financial system which the Rothschilds created during this period (1777-1836) was viewed as a revolutionary development, with a cosmopolitan emphasis, due to the high liquidity of assets in the new system based in bonds, instead of being based in land.”

~ Ferguson, Niall (2012). The Ascent of Money. Penguin.